On Friday, Sunedison Inc (NYSE:SUNE)’s shares inclined 1.47% to $4.15.
SunEdison, Inc. (SUNE), declared that it has signed a 10-year agreement with Ontario’s Independent Electricity System Operator to supply 5 megawatts—20 megawatt-hours—of battery storage to the province. The Ontario IESO operates at the heart of Ontario’s power system, and is responsible for making sure everyone in the province gets the electricity they need, when they need it. In addition to leveraging the battery’s storage capability, the IESO intends to use data from this energy storage project to analyze how storage can be used to smooth the power flow from wind and solar, defer expensive system upgrades, and ultimately shape the future of its grid. This project is SunEdison’s first commercial large scale grid-connected energy storage project, and is one of the first commercial applications of flow batteries in Canada.
“SunEdison’s energy storage project is one of several projects that will support reliability in Ontario by providing much needed quick response capacity and operational flexibility,” said Bruce Campbell, Ontario IESO’s president and chief executive officer. “We congratulate SunEdison on the success of their proposal and look forward to working with them to implement this project.”
SunEdison is working with flow battery technology leader Imergy to deliver the project. Imergy’s vanadium redox flow battery technology provides a cost effective and durable way to store energy for hours at a time.
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials.
Mondelez International Inc (NASDAQ:MDLZ)’s shares dropped -2.84% to $42.73.
More than 12,000 employees volunteered nearly 40,000 hours across 70 countries during Mondelēz International’s annual Global Volunteer Month campaign. As part of its commitment to protect the well-being of people and the planet, the company dedicated the month of October to giving back to communities, inspiring employees to answer the call through meaningful service projects that promote healthy lifestyles, overall community well-being and employee growth and development.
Developing Micro-Enterprises in Cocoa Farming Communities
Among the thousands of volunteers, 14 employees served as “Joy Ambassadors” during a two-week skills-exchange mission in Ghana. This team had the unique chance to learn about the challenges and opportunities in securing a sustainable cocoa supply while sharing their diverse business skills - from agronomy and research and development to operations, procurement, marketing and law. The team, representing ten countries (Australia, Brazil, Canada, China, Columbia, Egypt, Turkey, United Arab Emirates, the United States and Switzerland), lived in Aysikrom, Adiembra and Ehiamenkyene, three of the more than 200 Ghanaian villages active in Cocoa Life, the company’s 10-year, $400 million cocoa sustainability program.
Leveraging their day-to-day expertise, the Joy Ambassadors facilitated micro-enterprise workshops focused on developing entrepreneurial skills to assist local communities. They shared their insights on how to identify and launch a business idea, by scaling a business through effective marketing practices and building the critical facilitation, partnership and influencing skills to assist enable positive community outcomes.
“I enjoyed interacting with the Joy Ambassadors and working in small groups to learn practical ways to grow my business,” said Emmanuel Tetteh, a local cocoa farmer. “While my primary income comes from cocoa farming, the workshops opened my eyes to additional business Mondelez International, Inc., through its auxiliaries, manufactures and markets snack food and beverage products worldwide. The company offers biscuits, counting cookies, crackers, and salted snacks; chocolates, and gums and candies; powdered beverages and coffee; and cheese and grocery products.
Mondelez International, Inc., through its auxiliaries, manufactures and markets snack food and beverage products worldwide. The company offers biscuits, counting cookies, crackers, and salted snacks; chocolates, and gums and candies; powdered beverages and coffee; and cheese and grocery products.
At the end of Friday’s trade, Endologix, Inc. (NASDAQ:ELGX)‘s shares dipped -5.37% to $9.51.
Endologix, Inc. (ELGX), developer and marketer of innovative treatments for aortic disorders, declared that the AFX(R) Endovascular AAA System for the treatment of abdominal aortic aneurysms has received Shonin approval from the Japanese Ministry of Health, Labor and Welfare (MHLW).
Endologixalso reached a distribution agreement with Japan Lifeline, a leading cardiovascular medical device company in Japan. Japan Lifeline plans to introduce the AFX system in the Japanese market in the first quarter of 2016. In addition to AFX, Endologix’s agreement with Japan Lifeline comprises future distribution of the Nellix(R) EndoVascular Aneurysm Sealing System in Japan, which is anticipated in 2018.
Bob Mitchell, President of Endologix, said, “We are happy to receive approval for the AFX System in Japan and to be launching the product with our new partner, Japan Lifeline. There is already positive adoption of our first generation anatomical fixation products in Japan and we believe the next-generation features of AFX will further strengthen adoption. We are working closely with Japan Lifeline to prepare for the AFX launch, together with preparations for a Japanese regulatory submission for the Nellix EVAS System.”
Endologix, Inc. develops, manufactures, markets, and sells medical devices for the treatment of abdominal aortic aneurysms in the United States and internationally. The company offers minimally-invasive endovascular repair (EVAR) products, counting EVAR stent graft and catheter delivery system under the brand names Powerlink, IntuiTrak, AFX, and VELA Proximal Endograft.